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so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could be -- right? anybody who wants to come for legitimate reason ares wants to come. >> right. >> larry, can i ask a question? >> what i want to say, all right i'll direct it tow. the gop should be the party of growth and opportunity and the party of entrepreneurship and the party of upward mobilitity. here is my point. if the brainyacs come in because we want them to stay and want to attract them and if the rest of the workforce lets go of the skills, they may climb the ladder of upwardmobility. why can't the gop see that
so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could...
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you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the argument for munis against the argument for charitable deductions, against the argument for mortgage deductions, so i do think it's something that people need to be cautious about. as a result if i were an investor right now, i would be investing with a shorter duration. and i've said this a lot over the last couple of years, with all the things that have gone on, i would have a professional managing my municipal money, whether it's in a mutual fund, an etf or separately managed account. >> having said that, what are your picks, a few muni picks? >> i did lon
you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the...
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would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown cause
would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay....
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. some people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to educate and teach. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 points along with s&p and nasdaq 52.2% is in rarified territory for certain. yet the chatter it remains skeptical. as i've said many a time, i'm never going to criticize the skepticism. i applaud it. it is a quali
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>>...
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>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to the consumers, build some of the fulfillment centers there and offer some of the amazon conveniences. >> and i think amazon is actually behind some sort of a compromise that would bring you revenue on a per state basis at least. >> right. it is going to affect the bottom line ultimately. >> it -- i think so. i think that there's a lot of areas in investment i think for amazon below the gross profit line. i think we focus a lot, investors focus a lot on that story. but i think when you think about the investments that they're doing on their web services side, all the dna that gets associated with that, that is -- you kno
>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to...
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the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark zuckerberg talk about mobile. he really, you know, he kicked off the call emphasizing this was a really big year for mobile. emphasizing the fact now more people are using facebook on mobile every day than they use facebook on the desk top. he did acknowledge this was hard for facebook to navigate but they have sort of figured that out with apps and advertising. that we have a strong foundation and a lot of momentum. so, it is really interesting. he understands that mobile is really what facebook is all about now. just a couple of quick words about those numbers, facebook did beat on the top and bottom
the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark...
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now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in the grow impact. >> let's bring you in, as well, jane. the europe doesn't care, up 135, the highest since december, 2011. >> you look at spanish data, perhaps it's not so surprising that we're getting bad spanish data. perhaps it's surprising that we see yields come down. greek yields below 10%. the market is on its risk appetite high. almost the bad news and there is plenty of it has been disregarded in the market's current move. for instance, the imf forecasts last week. they revised lower for the world. at the end of last year, the ocd -- >> is there a sense that the worse the data gets, the clo
now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in...
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. >> well, it adds about 100 billion of drag to what's already there from the tax increases we saw earlier in the month, and you put it all together and you've got 1.5% to 2% of fiscal drag instead of the usual boost so i think it will slow us pretty rapidly. you know, given that we're flat in the fourth quarter, it's not a good sign. >> when does the debt catch up to us then? i mean, do you worry about the $17 trillion debt, $16.4 trillion debt? when does that catch up? >> you know, i don't worry about it too much for two reasons. one, i tried to worry about it with japan and lost an awful lot of money betting on interest rates going up there. secondly, remember, interest rates on outstanding debt are about 80 basis point on average for the government so the debt interest rate burden is about 1.5% of gdp. that's about as low as it's ever been. we're lucky, but that's the way it is. >> lindsey, so what's the answer here? let's just assume that the -- that the sequester takes effect. >> sure. >> that you do have the pullback in spending. seems to me that would put an awful lot of pressure o
. >> well, it adds about 100 billion of drag to what's already there from the tax increases we saw earlier in the month, and you put it all together and you've got 1.5% to 2% of fiscal drag instead of the usual boost so i think it will slow us pretty rapidly. you know, given that we're flat in the fourth quarter, it's not a good sign. >> when does the debt catch up to us then? i mean, do you worry about the $17 trillion debt, $16.4 trillion debt? when does that catch up? >>...
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remember when people say, once there's a sales tax, they're history. it didn't matter. >> california, i guess we were wrong, yeah. ease of use. >> it said the 3-d players weren't that strong, tvs weren't that strong. maybe they're buying them at best buy. >> big pause. >> maybe. listen, best buy has been an interesting move up here. by the way, period is going to begin very soon. richard schulze has his opportunity to do due diligence. now, i think the dell -- potential dell ibo got people excited about maybe they could get the equity. i hear it's going to be a very, very, very -- is that three verys? they'll come up with the money they need, even with him rolling in his stake. this may be the fourth quarter numbers, people perceive as being better than anticipated. >> if they're giving money away to netflix, can't they give money away to michael dell? isn't there just this weird supply of money out there? >> there's a lot of money, but it's still seeking a return. >> sometimes. >> yeah, sometimes. >> let's check in with bob who's here on the floor wit
remember when people say, once there's a sales tax, they're history. it didn't matter. >> california, i guess we were wrong, yeah. ease of use. >> it said the 3-d players weren't that strong, tvs weren't that strong. maybe they're buying them at best buy. >> big pause. >> maybe. listen, best buy has been an interesting move up here. by the way, period is going to begin very soon. richard schulze has his opportunity to do due diligence. now, i think the dell -- potential...
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business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good f
business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense...
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very aggressive ones on march 1 and that will have, in addition to the fiscal drag, higher taxes. that will hurt the economy which may have to prompt the fed to do more. how they characterize the economy is critical. as i said, they are cognizant about it not be a self fulfilling prophecy. also, esther george is voting and she will be with her predecessor from kansas city this time around as well. >> when you consider the huge reaction and the discussion of how hawkish the minutes are, they are try to get it very, very straight. >> i think they talk about it the last several days. i'm not sure we will see much in terms of the announcement of the minutes. i think they recognize that all asset markets are artificially priced and dependent on the ability of their monetary policy but the time that it takes to do so and how long the fed stays low and how long it takes to get to 6.5% unemployment are the relative questions for the market today. we think it'll be a few years at least -- >> federal open market committee decides to keep funds rate at 0 to quarter percent an anticipate this
very aggressive ones on march 1 and that will have, in addition to the fiscal drag, higher taxes. that will hurt the economy which may have to prompt the fed to do more. how they characterize the economy is critical. as i said, they are cognizant about it not be a self fulfilling prophecy. also, esther george is voting and she will be with her predecessor from kansas city this time around as well. >> when you consider the huge reaction and the discussion of how hawkish the minutes are,...
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answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. life with crohn's disease is a daily game of "what ifs". what if my stomach pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if this takes too long? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your crohn's symptoms is damaging inflammation? for help getting the answers you need visit knowcrohns.com/tv and use the interactive discussion guide to speak with your gastroenterologist. >>> our second story "outfront," the big question for hillary clinton. okay, not that one about 2016. this one. >> which of these three names would you like to adopt. we spent three or four months on this. the incredible hillary. the artist formerly known as the secretary. or just hill clinton. but it does sound a bit like bill. >> yeah. i think we're going
answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. life with crohn's disease is a daily game of "what ifs". what if my stomach pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if this takes too long? what if? but what if the most important question is the one you're not asking? what if the underlying...
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verizon. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> take a look at this video. imagine riding this massive wave. it could be a new world record captured on video. the surfer in this photo here, just amazing, shares what it was like to ride that wave ahead on 360. f love. it's a lot of labor and it's a lot of love. i don't need to go to the gym. my job is my workout. you're shoveling ice all day long. it's rough on the back. it's rough on the shoulders. i get muscle aches all over. advil® is great. pain and soreness is just out of the picture. [ male announcer ] make the switch. take action. take advil®. and for sinus congestion, now you can get advil® combined with a proven decongestant. breathe easier with advil® congestion relief. >>> the senate voted this afternoon to confirm john kerry as the next secretary of state. as a senator john kerry voeed on his own nomination. it makes him the
verizon. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> take a look at this video. imagine riding this massive wave. it could be a new world record captured on video. the surfer in this photo here, just amazing, shares what it was like to ride that wave ahead on 360. f love. it's a lot of labor and it's a lot of love. i don't need to go to the gym. my...
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details, straight ahead. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i can't believe your mom let you take her car out.ck! this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. with fancy feast mornings livgourmet cat food.e. (announcer) make mornings special, mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetene
details, straight ahead. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i can't believe your mom let you take her car out.ck! this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes...
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or just hill clinton. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> our second story "outfront," the big question for hillary clinton. okay, not that one about 2016. this one. >> which of these three names would you like to adopt. we spent three or four months on this. the incredible hillary. the artist formerly known as the secretary. or just hill clinton. but it does sound a bit like bill. >> yeah. i think we're going to have to work on that list. >> all right. does that list include president? today we asked about her presidential ambitions and here is how she chose to answer that question. >> i have absolutely no plans to run. >> okay. you heard her. robert reish has insight into what hillary really means. the former secretary of labor has known clinton since she was 19. they attended yale law school together, served in the clinton administration together and he even went out with her in their college day
or just hill clinton. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> our second story "outfront," the big question for hillary clinton. okay, not that one about 2016. this one. >> which of these three names would you like to adopt. we spent three or four months on this. the incredible hillary. the artist formerly known as the secretary....
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risk includes possible loss of principal. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. i've been using crest pro-health for a week. my dentist said it was gonna help transform my mouth. [ male announcer ] go pro. for a clean that's up to four times better, try these crest pro-health products together. [ sara ] i've been using crest pro-health. so far...it feels different. [ male announcer ] crest pro-health protects not just some, but all these areas dentists check most. my mouth feels healthier. it feels cleaner. i think my dentist is gonna see the difference. [ male announcer ] go pro with crest pro-health. i don't think i'll ever go back to another product. see. [ male announcer ] make your escape... tw
risk includes possible loss of principal. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. i've been using crest pro-health for a week. my...
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can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> welcome back to the second half of "outfront." we start with stories we care about, we focus on our reporting from the front lines and we begin today with an american official telling cnn that a cache of weapons seized off the coast of yemen may have come from iran. surface to air missiles, potent explosives, rocket propelled grenades, they all had markings on them that indicate they came from the iranian revolutionary guard. the official tells barbara starr the weapons were believed to be headed for shiite muslim insurgents in yemen. gregory johnson, a scholar at princeton, tells us the yemeni government claims iran has been supplying the insurgents with weapons for years. the united states has only recently believed them. >>> apple is releasing a new ipad. it doubles the tablet's current maximum capacity. 128 gigabites. that means you can s
can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> welcome back to the second half of "outfront." we start with stories we care about, we focus on our reporting from the front lines and we begin today with an american official telling cnn that a cache of weapons seized off the coast of yemen may have come from iran. surface to air missiles, potent...
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the state's considering enacting a 50% tax on ammunition, expanding a state ban on assault weapons, and banning large capacity magazines like the one used by adam lanza in the newtown shooting. this single mother from waterbury believes those changes would be going too far. >> you will take away my legal ability to protect myself and my children at a reasonable price. protecting myself and my children means i should continue to be able to select the firearm and magazine size that i believe will keep us safe. don't my children and i deserve your support, your consideration to be safe? >> not one of these gun proposals would have impacted this heinous act, nor will it affect future perpetrators. these current quick-fix, do-something bills do not address the root cause and actions of the newtown criminal. please remember gun owners are the good guys. >> reporter: the rabbi counseled many of the newtown families. >> this is serious. i do not want to come here or at any other city to describe what it's like to console parents who have had their childrens' brains shot out. >> reporter: mark m
the state's considering enacting a 50% tax on ammunition, expanding a state ban on assault weapons, and banning large capacity magazines like the one used by adam lanza in the newtown shooting. this single mother from waterbury believes those changes would be going too far. >> you will take away my legal ability to protect myself and my children at a reasonable price. protecting myself and my children means i should continue to be able to select the firearm and magazine size that i...
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time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. until i got a job in the big apple. becoming a fulltime indoor cat wasn't easy for atti. but he had purina cat chow indoor. he absolutely loved it. and i knew he was getting everything he needed to stay healthy indoors. and after a couple of weeks, i knew we were finally home! [ female announcer ] purina cat chow indoor. and for a delicious way to help maintain a healthy weight, try new purina cat chow healthy weight. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it
time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. until i got a job in the big apple. becoming a fulltime indoor cat wasn't easy for atti. but he had purina cat chow indoor....
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. >> if you politicians would only stop talking about more taxes and more gun bans and more regulations on honest people, and spend a little bit of that rhetoric and a little bit of that energy going after violent criminals of complete breakdown of our criminal justice system and the fact we don't even prosecute criminals with guns anymore, because the system has collapsed, maybe then we would make progress. >> also at some point we have got to say enough is enough. otherwise when the nra will not say that you should not permit the civilian sale of bazookas. what we're talking about is a weapon crafted for war that floats around the streets of our cities, that puts our police in a position of being outgunned by the bad guys, that has kids killing kids with them. >> since the newtown, connecticut, shooting that left 27 dead, the nra says 500,000 more people have joined its membership. >>> anderson cooper, don't miss this, taking on the gun violence debate tomorrow night. he'll take a good long look at both sides of the issue. we're calling it "guns under fire," a town hall special tomorr
. >> if you politicians would only stop talking about more taxes and more gun bans and more regulations on honest people, and spend a little bit of that rhetoric and a little bit of that energy going after violent criminals of complete breakdown of our criminal justice system and the fact we don't even prosecute criminals with guns anymore, because the system has collapsed, maybe then we would make progress. >> also at some point we have got to say enough is enough. otherwise when...
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i was riding in riding in the bd it was three seconds and it was like that guy got trampled look tax i'm so glad you came by. the movie looks hilarious. come see us again. >> i will. >> jon: it's in
i was riding in riding in the bd it was three seconds and it was like that guy got trampled look tax i'm so glad you came by. the movie looks hilarious. come see us again. >> i will. >> jon: it's in
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a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a gallon? the money mostly would go directly to repair america's critical infrastructure. while they are boating, senator bennett. >> you don't have my number. >> what is your number? 15 cents. >> let's go back just for a moment. i agree, it is really important that we deal with facts and that we deal with common facts. let me tell you about europe, as a business person. there are certain countries in europe, many of which are not in crisis, that are absolutely the last place you would ever put a new job. the reason they are the last place you would put a new job is because the rules are around
a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a...
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the top tax rate in russia -- in the u.s. went up to 39.6%. there is a flat tax in russia of 13%. better than.s. do rusher in taxes? -- russia. guest: this has been tested. "money printing will cause inflation" and it keeps not happening. don't tell me the numbers are skewed. at one point the say people have the wrong model. if you're not willing to say that, i cannot deal with that. that is something that is turning into something that is irrational. i don't think the measure of a country's success is how low the top tax rate is. would you rather live in russia or sweden? i would take sweden. we can argue. if you like to have lower tax rates at the top, tell me which social programs you want to cut. there is no evidence in our history that tax rates at the level we have are a big problem for the economy. host: comment on twitter with a question. guest: right now they are small. it's not clear there are any negatives. barring more is a good thing -- borrowing more is a good thing. that will hurt future growth, keep people unemployed for a long time. they will never get started on
the top tax rate in russia -- in the u.s. went up to 39.6%. there is a flat tax in russia of 13%. better than.s. do rusher in taxes? -- russia. guest: this has been tested. "money printing will cause inflation" and it keeps not happening. don't tell me the numbers are skewed. at one point the say people have the wrong model. if you're not willing to say that, i cannot deal with that. that is something that is turning into something that is irrational. i don't think the measure of a...
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Jan 31, 2013
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by this year, create a new cyber security tax credit. there is another important thing that we can do this year that would also create jobs. that is offshore land. moving forward on offshore land. [applause] moving forward with offshore land could make maryland a new regional manufacturing hub for wind turbines. we will create jobs and generate abundant and clean and renewable energy, but only if we choose. mr. speaker, mr. president, members of the general assembly, let's get this done this year, shall we? [applause] ultimately, the greatest asset that we have as you well know is demonstrated by the votes you have cast. maryland has built up one of the most highly skilled workforce of the country. better choices, better results. the reality is that too many of the new jobs being created in our economy go on field -- go unfulfilled. why? too many people lack the skills to fill them. your vote on a bill will allow us to partner with businesses to put more workers with the skills they need to go kill jobs that are in the highest demand. --
by this year, create a new cyber security tax credit. there is another important thing that we can do this year that would also create jobs. that is offshore land. moving forward on offshore land. [applause] moving forward with offshore land could make maryland a new regional manufacturing hub for wind turbines. we will create jobs and generate abundant and clean and renewable energy, but only if we choose. mr. speaker, mr. president, members of the general assembly, let's get this done this...
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i have a hard time telling my constituents in taxes that congress is looking at passing a raft of new laws when the laws we currently have on the books are so woefully and enforce. -- not enforced. i think we need to do what we can to address the shortcomings in mental health care, as well as background checks mechanisms we used to screen out prohibited gun buyers. we need to ask what the years of the institutionalization of the mentally ill have done for the safety of the american public. we need to ask about people who are subjected to a court order to outpatient mental health treatment. tens of millions are falling to the cracks and surely, we can agree that more needs to be done to and from -- enforce existing gun laws prevent gun prosecutions are down across the board. -- existing gun laws. the gun prosecutions are down across the board. mr. chairman, i hope we will have a follow-up hearing to ask administration witnesses to come before the panel and testify why agencies of government are not enforcing laws that congress has already passed. it is worth noting that five years ago,
i have a hard time telling my constituents in taxes that congress is looking at passing a raft of new laws when the laws we currently have on the books are so woefully and enforce. -- not enforced. i think we need to do what we can to address the shortcomings in mental health care, as well as background checks mechanisms we used to screen out prohibited gun buyers. we need to ask what the years of the institutionalization of the mentally ill have done for the safety of the american public. we...
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a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line, beyond all the folks who are tried to come here legally. that is only fair. that means it will not be a quick process, but it will be a fair process and will lift these individuals out of the shadows and give them a chance to earn their way to a green card and eventually to citizenship. [applause] and the third principle is we have to bring our legal immigration system into the 21st century. it no longer reflects the values of our time. for example, if you are a citizen, you should not have to wait years before your family is able to join you in america. [applause] he should not have to wait years -- you should not have to wait years. if you are a foreign student who was to pursue a career in science or technology, or a foreign entrepreneur that wants to start a business with the backing of american investors, we should help you do that here. because if you succeed, you will create american businesses and american jobs. you will help us grow our
a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line, beyond all the folks who are tried to come here legally. that is only fair. that means it will not be a quick process, but it will be a fair process and will lift these individuals out of the shadows and give them a chance to earn their way to a green card and eventually to citizenship. [applause] and the third principle is we have to bring our legal...
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i have a hard time telling my constituents in taxes that congress is looking at passing a raft of new laws when the laws we currently have on the books are so woefully not enforced. i think we need to do what we can to address the shortcomings in mental health care, as well as background checks mechanisms we used to screen out prohibited gun buyers. we need to ask what the years of the institutionalization of the mentally ill have done for the safety of the american public. we need to ask about people who are subjected to a court order to outpatient mental health treatment. tens of millions are falling to the cracks and surely, we can agree that more needs to be done to and from -- enforce existing gun laws. the gun prosecutions are down across the board. mr. chairman, i hope we will have a follow-up hearing to ask administration witnesses to come before the panel and testify why agencies of government are not enforcing laws that congress has already passed. it is worth noting that five years ago, congress was asking the same questions we are asking right now. in 2008, there was an at
i have a hard time telling my constituents in taxes that congress is looking at passing a raft of new laws when the laws we currently have on the books are so woefully not enforced. i think we need to do what we can to address the shortcomings in mental health care, as well as background checks mechanisms we used to screen out prohibited gun buyers. we need to ask what the years of the institutionalization of the mentally ill have done for the safety of the american public. we need to ask about...
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why would we raise the gas tax to improve infrastructure when all of the gas tax dollars we currently collect don't go to improving our infrastructure now. millions of dollars each year in our gas tax revenue are being diverted away from our bridges and our highways. let's change that. and then let's invest more of the money we already have into this vital area. every year you hear me talk about the money tree that falls during session whereby new dollars appear above and beyond what was available whin we balanced our budget in december and january. let's prioritize that money differently this year. we've's released an executive budget that is balanced. funds the core function of government. strengthens underfunded needs like mental health and law enforcement and identifies money for road and bridge improvements. let's follow that blueprint. we can make our state safer and our business climate can be more dynamic. with us today is warden mike mccall. one of the unsung heroes of south carolina state government. warden mccall runs lee correctional institution. one of our most dangerous,
why would we raise the gas tax to improve infrastructure when all of the gas tax dollars we currently collect don't go to improving our infrastructure now. millions of dollars each year in our gas tax revenue are being diverted away from our bridges and our highways. let's change that. and then let's invest more of the money we already have into this vital area. every year you hear me talk about the money tree that falls during session whereby new dollars appear above and beyond what was...
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Jan 30, 2013
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begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the world, the big oil behemoths? the american taxpayer is asked to provide money to big and often foreign oil companies. is keeping big oil lobbyists happy with subsidies from the american people more important than addressing our deficit? should companies and wealthy individuals be allowed to hide their money from the tax man in offshore accounts while working families pay their taxes fair and square? is protecting that tax gimmick more important than addressing the deficit? how about that carried interest trick that allows hedge f
begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the...
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that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this government we will. >> thank you just for once why doesn't he give us straight after two straight question? [shouting] growth was not 5% as he foreca forecast. but -- i'm about to give him some advice. i decided to the part-time chancellor, he should spend more time worrying about our economy and less time worrying about how to divert high speed of railroad away from his consistency. [shouting] we've had a flat-lining -- he should -- he shakes his head, but what does he have to say? your mp -- >> mr. alice, you are a distinguished practicing
that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this...
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. >> this government has just introduced two new tax base which will cause people who own the oh, no, between 25 and 35,000 pounds per family. why is he choosing to put a block on the aspirations of young people who want to build their own home? >> we are encouraging people to build a own home and buy their own homes, not least by the reform of the planning system that has seen the planning guidance come from 1000 pages to 50 pages. that's why we are also encouraging the right to buy. and if honorable members opposite want to help, they might want to talk to the labour of 40s that are continually knocking people from buying the council or having association homes. >> thank you, mr. speaker. will my right honorable friend wish to congratulate the company in my constituency, but taking advantage of the capital of laos is announced and the autumn statement of purchase to 1.3 million pounds, that will create six new jobs under -- i certain to my honorable friend in welcoming that investment it is experience in campaign history logic did have an effect in bringing forward these proposals o
. >> this government has just introduced two new tax base which will cause people who own the oh, no, between 25 and 35,000 pounds per family. why is he choosing to put a block on the aspirations of young people who want to build their own home? >> we are encouraging people to build a own home and buy their own homes, not least by the reform of the planning system that has seen the planning guidance come from 1000 pages to 50 pages. that's why we are also encouraging the right to...
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tax dollars and american charitable giving. and then telling them they cannot repay those investments by contributing to the u.s. workforce. is both bad policy and bad business. that's what i've been working on this issue since i rise in the senate introducing three bills in calling for the creation of a new class of green cards for immigrants to earn an advanced student agree from an american university. i was glad to see the bipartisan framework released yesterday by senators mccain, schumer, rubio, and others, which moves us towards comprehensive immigration reform, embraces of this vital core principle. i also welcome president obama's contributions to this discussion and look forward to hearing what he has to say today in las vegas. it carries a bipartisan agreement that it is -- to make room for foreign-born american educated experts who want to apply their skills, start businesses and raise their families are. at the same time went to dramatically improve s.t.e.m. education available to american citizens to fill this dra
tax dollars and american charitable giving. and then telling them they cannot repay those investments by contributing to the u.s. workforce. is both bad policy and bad business. that's what i've been working on this issue since i rise in the senate introducing three bills in calling for the creation of a new class of green cards for immigrants to earn an advanced student agree from an american university. i was glad to see the bipartisan framework released yesterday by senators mccain, schumer,...
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tax code of su of some 70 pages? ask yourselves how many americans have their own page, their own tax break, their own self deal? -- their own special deal? we should not resign ourselves, mr. president, to a distorted system that corrodes our democracy, and this is what is contributing to the justifiable anger of the american people. they know it. they know we know it. and yet nothing happens. the truth requires that we call the corrosion of money in politics what it is -- it is a form of corruption and it muzzles more americans than it empowers, and it is an imbalance that the world has taught us can only sow the seeds of unrest. like the question of comity in the senate, the influence of money in our politics also influences our credibility around the world. and so, too, does the difficul difficulty, the unacceptable and extraordinary difficulty we have in 2013 operating the machinery of our own democracy here at home. how extraordinary and how diminishing that more than 40 years after the voting rights act, so ma
tax code of su of some 70 pages? ask yourselves how many americans have their own page, their own tax break, their own self deal? -- their own special deal? we should not resign ourselves, mr. president, to a distorted system that corrodes our democracy, and this is what is contributing to the justifiable anger of the american people. they know it. they know we know it. and yet nothing happens. the truth requires that we call the corrosion of money in politics what it is -- it is a form of...
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for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand what we're talking about and how it will impact people. the posturing and medicare is very high. in order to increase the cost is a difficult thing to do. all of these things go together. so i worry you can miss some of the problems that can happen. >> i can't help but draw a parallel to the commercial side where we have had for years efforts to try to get health care spending under control by dealing with the benefits side and inventing new benefits structures and care products and other things that would make individuals more price conscious and so forth. on the other hand, now we are d
for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand...
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private equity managers to take what is really just earned income, a commission and get capital gains taxes on the interest, why don't we honor primary care physicians in america as we honor private equity managers and give them the same rate if they go to rural areas, et cetera. the president exists. congress has we want to encourage capital formation. well, that is capital. physicians are human capital and we want to encourage. thank you, mr. chairman. >> .or reinhardt, thank you very much. last but not least is dr. dr. claudia fegan, chief medical officer for the hospital county and chicago, often referred to as cook county hospital. she was previously the associate chief medical officer for the ambulatory and community health network and intra- chief officer for the health services. dr. fegan serves for the health program received her undergraduate degree and her medical degree from the university of illinois college of medicine. thank you so much for being with us. >> thank you, senator sanders, senator enzi another distinguished senators for 40 minutes opportunity to address inadequat
private equity managers to take what is really just earned income, a commission and get capital gains taxes on the interest, why don't we honor primary care physicians in america as we honor private equity managers and give them the same rate if they go to rural areas, et cetera. the president exists. congress has we want to encourage capital formation. well, that is capital. physicians are human capital and we want to encourage. thank you, mr. chairman. >> .or reinhardt, thank you very...